December 19, 2005 Hickory, NC -- Corning Cable Systems has announced a price increase in select non-contract and select list prices for products across its cable and hardware product portfolio in the Americas region. The new pricing structure will take effect in the first quarter of 2006.
As reasons for the price increase, the company cites cost increases in commodity raw materials such as plastics and metals used to produce its products, as well as rising energy costs for production, and rising transportation costs. The company notes that it announced a similar price increase that took effect in early 2005, and says that its costs of manufacturing have continued to rise.
"Our main objective has always been to provide our customers with innovative products with the highest quality products and services available, and we will continue to meet that commitment," comments Larry Aiello, president and CEO of Corning Cable Systems. "However, with our supply chain costs continuing to rise, we have been left with no choice but to selectively raise prices."